991 GT3 Prices - 50 cars available!

[ThirtySomething]

Not surprising at all, considering we are in peak season (summer is in full swing) and how few have actually sold over the past month. I am pretty confident more are due to market as well ... (20 now on OPC!)

.... and trade bids on these have disappeared now that speculators have gone awol.

Edited by ThirtySomething on Wednesday 27th May 22:20

[Scooty100]

The 991 GT3 mkt will drag down all other GT3 classes In the same way it dragged it all up.
People forget that bit

[PPPPPP]

Scooty100 said:

The 991 GT3 mkt will drag down all other GT3 classes In the same way it dragged it all up.
People forget that bit

That's what free markets do,though the air cooled stuff seems to enjoy a micro climate.

[ThirtySomething]

Scooty100 said:

The 991 GT3 mkt will drag down all other GT3 classes In the same way it dragged it all up.
People forget that bit

I actually agree with that. Have seen 997.2 RS now sticking around at dealers at 160k and not selling.

And to my original question, how long will it take for the GT4 and 991 RS to follow ? I'm sure those lucky to get early deliveries will want to flip pretty quickly seeing what has happened to the 991GT3. I am also hearing on various forums that Porsche are increasing production, as more people are slowly being offered build slots. In fact someone has been very recently offered a 991GT3 slot !!! .... must be one of the last few but appears production has not officially ceased.

[Scooty100]

PPPPPP said:

That's what free markets do,though the air cooled stuff seems to enjoy a micro climate.

Aircooled stuff I think sees gradual increase still but games up for a while on the watercooled cars

[Cbax]

What mustn't be forgotten is that even as the asking prices soften a little, they are all still well above the list price (not to mention the reduced cost for those who had replacement engines) when the cars were purchased new and the first cars are now 18 months old which in the sector is remarkable in my view.
There will be some dealers who have purchased high and will need to move stock on so straight forward economics of supply and demand will prevail and there are a number of LHD cars where the dealers may have to be realistic.
I for one will be keeping my car and driving it a lot more than my previous toys, and don't talk to me about the bath that I took on the McLaren 12c which was a fantastic car but an economic disaster.
The GT3 is awesome and if values remain around or above list for a while, I for one would be delighted

[fredt]

I would think it's the 991 GT3 that's been in a micro climate, nothing else, just bonkers the premiums its traded at .

[Scooty100]

fredt said:

I would think it's the 991 GT3 that's been in a micro climate, nothing else, just bonkers the premiums its traded at .

Doesn't suit me to say it but it'll have a bearing on other varients

[PPPPPP]

Scooty100 said:

fredt said:

I would think it's the 991 GT3 that's been in a micro climate, nothing else, just bonkers the premiums its traded at .

Doesn't suit me to say it but it'll have a bearing on other varients

RHD 991 GT3's, and yes the tide going out will affect recent variants more. Some on here have been constantly talking about restricted supply on the 991 GT3, GT4, and the 991RS - perhaps to ramp up prices. Normal service is being resumed.

[lboase]

This all seems very specific to the UK market. On Mobile.de there are only about 20 991 GT3 for sale at €140-160k which is roughly around list price?

In comparison 997.2 RS start at €180k going up to €300k. 997.1 RS €140k-300k. So previous generation RS are already more sought after than 991 GT3. Even 996 non-RS are listed up to €150k.

Since the UK didn't get the limited allocation that was originally thought (nearer 300 than 138?), I suspect supply and demand will dictate that the RHD premium will disappear and things will settle in line with Europe. i.e UK 991 GT3 £100-120k. No doubt this will affect previous generations in the short term but not to the same extent for reasons which have been discussed ad infinitum.

[PPPPPP]

lboase said:

This all seems very specific to the UK market. On Mobile.de there are only about 20 991 GT3 for sale at €140-160k which is roughly around list price?

Euro at 1.41 gives you a price of just over a £100 thousand.

However, if the Euro was still at the same level of 1.18 ( GT3 launch time), the price would closer to £127k - of course still lower than RHD prices.

[PorscheGT4]

http://www.pistonheads.com/classifieds/used-cars/p... (sorry repost , some one else spotted a new drop, 3rd in a row in as many weeks)

another drop now to £149k

but others have got in on the price war and cars start at £142k now

another £5k off in a week !

Neg inflation on GT3's , it's cheaper to buy tomorrow so why buy today !

what are they going to stop at do you think ?

[V8KSN]

No idea what price they will be in 12 months time (who does know?!)

I do know that there must be some people who have bought these on monthly payments with a Minimum Guaranteed Future Value factored in to their deal ..... wonder how that works now.

Say you had a MGFV of £85k and the car is worth £150k then what do Porsche do? Do they write you a cheque for £65k at the end of your 2/3 year deal or do you just hand the car back say "Thank you" and drive away with a new Boxster?

Must admit, I have not got a Scooby-doo how it all works.

[PorscheGT4]

very odd, every past year , if you did not buy a GT3 in Feb/April you were screwed and they were rare as hens teeth come May, June.

If this many are for sale come Sept there is going to be quite a large price correction.

[Fl0pp3r]

Re: seasonal nature of GT3 market - I'd say the latest GT3 is a case apart as it's being bought for different reasons than perhaps previously. It's so good as a daily/arguably much less compromised than previous (more track oriented) versions that the buyer profile is probably different. That and the speculaters have been having a field-day with the 991...due to this reason the stock is hanging around now as has been pointed out.

Not that many 996/997 GT3's on the market are there?

Edited by Fl0pp3r on Thursday 28th May 17:24

[PorscheGT4]

yes there are imo vs past years in June when there are 1 or 2 if you were lucky.

Quite a nice pick of 997 GT3 to choose from, non selling though.

996 gt3 cars have now calmed down and found long term homes the past few years.

[PPPPPP]

PorscheGT4 said:

what are they going to stop at do you think ?

Close to list

[Mario149]

This whole seasonal thing is a load of cobblers. Voicey in the Ferrari section here has software that monitors several modern models of Ferrari for sale on PH that he publishes and to my recollection there's been precisely zero measurable cyclical change according to season on average. There are more cars for sale in spring/summer with more punters looking, and in winter there are fewer cars for sale with fewer punters looking, it basically all evens out and relative demand remains constant.

[PhilRS]

They are easily available on the other side of the pond, LHD as per original design, at ~110k pounds.

Is the RHD steering wheel covered in thin gold leaves?

PorscheGT4 said:

http://www.pistonheads.com/classifieds/used-cars/p... (sorry repost , some one else spotted a new drop, 3rd in a row in as many weeks)

another drop now to £149k

but others have got in on the price war and cars start at £142k now

another £5k off in a week !

Neg inflation on GT3's , it's cheaper to buy tomorrow so why buy today !

what are they going to stop at do you think ?

[J-P]

Mario149 said:

This whole seasonal thing is a load of cobblers. Voicey in the Ferrari section here has software that monitors several modern models of Ferrari for sale on PH that he publishes and to my recollection there's been precisely zero measurable cyclical change according to season on average. There are more cars for sale in spring/summer with more punters looking, and in winter there are fewer cars for sale with fewer punters looking, it basically all evens out and relative demand remains constant.

Probably not many Ferrari drivers who want to use their car for track days, whereas GT3 owners do want to use their cars for track days, so demand for GT3s should be higher during the track day season, in theory at least anyway.